Today we will analyze the stock GUANGNAN (HOLD) (1203.HK) for internet stock trading in the HK stock market,
Stock Technical indicators to notice in GUANGNAN (HOLD) (1203.HK)
1- Last bullish trend was from 1.00 $ (2/7/2014) to 1.07 $ (2/19/2014) a 0.07 $ move 2- The current bearish trend started from 1.07 $ at 2/19/2014 and is currently trading at 1.03 $.
3- 1203.HK current support level is at 1.03 which is the 61.80 % fibonacci retracement of the last 0.07 $ move.
4- 1203.HK current resistance level is at 1.04 which is the 50.00 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
GUANGNAN (HOLD) (1203.HK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.000 and 0.960 that was broken down at 1.030 transforming into a resistance line.
GUANGNAN (HOLD) (1203.HK) Mid term stock chart patterns for internet stock trading :

None.
GUANGNAN (HOLD) (1203.HK) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.830 .
8- The Stock formed a 0.320 $ height triangle which was broken up at 0.940 in higher than usual volume, target of the pattern is 1.260.

Stock Trading Conclusion:
GUANGNAN (HOLD) (1203.HK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 1.03, 1.04, 1.04, 1.04, 1.05, 1.05, 1.05, 1.05, 1.07, 1.26.
Stock Support levels : 1.03, 1.00, 0.98, 0.96, 0.86,.